Free & Fearless Press – Right of every Indian
The latest listed companies’ ownership data shows that FIIs’ holding has gone down further to 17.6%, a decline of 100 bp from the previous quarter. Effectively, their holding of equities reduced by over 3 p.p. in 2008 – with net outflows amounting to US$14 bn. Domestic institutions’ ownership rose by 50 bp during the period. … Read more FII Holding in India Drops to 17.6%
Shopper’s Stop has signed a Memorandum of Understanding (MoU) with coffee major Amalgamated Bean Coffee Trading Company (ABCTCL) for setting up Cafe Coffee Day (CCD) cafes at Shoppers Stop stores. The duo intends to set up 19 such stores initially. Customers might get an opportunity to have a sip of coffee at CCD in Shoppers … Read more Shopper’s Stop signs MoU with ABCTCL to set up CCD cafes
India’s earnings have been falling and flailing (all over the place); for the first time in 6 years, Sensex earnings growth (ex-Oil) is -4.5%, wider CIR universe is -10% (includes oil down 58%), and the wider BSE500 index is down 16%. So, the wider the set, the deeper the pain. India’s nadir on earnings growth … Read more Citi forecast -1% earnings growth in FY10 for India Inc
South Korean steel major Posco is mulling to set up a $1 billion greenfield steel processing facility in Maharashtra. The steel giant is negotiating for land acquisition with the Maharashtra Industrial Development Corporation (MIDC) for a phased investment in industrial estate in Raigad district. The location is in proximity of Delhi-Mumbai industrial corridor as well … Read more Posco to infuse $1bn greenfield plant in Maharashtra
India’s banking regulator Reserve Bank of India (RBI) on Thursday announced a series of measures aimed at providing greater support to banks as well as the industry on forex loans. Among others, the measures include extending the forex swap facility to Indian public and private sector banks having overseas operations to March 31, 2010 from … Read more RBI takes measures boost forex credit markets
Dr. Reddy’s Laboratories has floated five products in the US market during January, 2009. The products are Levetiracetam tablets (250mg, 500mg, 750mg and 1000mg), Omeprazole capsules (40mg), Lamotragine CD chewable tablets (5mg and 25mg), Divalproex capsules and delayed release pellets (125mg) and Lamotrigine tablets (25mg, 100mg, 150mg and 200mg). The company has posted a 145.14% … Read more Dr. Reddy’s rolls out five products in US during Jan’09